InvestorsHub Logo
Followers 87
Posts 7905
Boards Moderated 0
Alias Born 01/18/2005

Re: xanadu post# 30336

Wednesday, 11/02/2005 9:33:52 PM

Wednesday, November 02, 2005 9:33:52 PM

Post# of 286279
xanadu...As a Confirmed Chartaholic...

I will say that YES charts absolutely work, even with Pinkies and BB stocks IF the average daily Volume is as high as GZFX's...

I look for at least 10-15MM shares traded per day on ANY of the stocks I play, it doesn't matter what Exchange they are listed on...RBAK is the Only exception I have to that rule.

Charts do NOT work well for very low volume stocks...

I LIVE BY my charts, and they keep me out of a LOT of trouble, and they give me Great entry and exit points!

The important thing to remember is: That Charts are usually only good predictors of forward looking events about 75-80% of the time. But I'd rather use them and be right 3 out of 4 times, than to be 'Guessing' all the time...

But, there is more to the Market than just charts...
Charts are just ONE of the Many tools a savy investor has at his/her disposal...

It is also very important to know how to read a SEC Filing:
http://finance.yahoo.com/q/sec?s=GZFX.OB

And to be on alert for PR's:
http://finance.yahoo.com/q/h?s=GZFX.OB
I have three trading accounts with different companies, and receive many news alerts a day from them on my stocks.

It's a good idea to know what the insiders are doing with their shares: http://finance.yahoo.com/q/it?s=GZFX.OB

Tracking Institutional Buying and Selling also helps:
I go to: http://www.nasdaq.com and on the left menu bar click on 'Holdings Summary', then type in the ticker symbol to see if there are any recent changes. (the link to that page is too long, and won't work if I post it here).

Knowing how to read a balance sheet is also helpful:
http://finance.yahoo.com/q/bs?s=GZFX.OB&annual

Key Statistics are also interesting, especially for GZFX:
http://finance.yahoo.com/q/ks?s=GZFX.OB

If I didn't BELIEVE in 'Possibility' of this Company being a SUCCESS, these figures would have kept me from Buying it. Numbers like these are not unusual in BB land...

Knowing how to judge the sentiment on the message boards your stock is on is helpful too...When there is 'Irrational Exuberance', it may really be a good time to Sell. When there is 'Extreme Negativity', I usually look to see if it's a good time to Buy.

Personally, I think GZFX is a good investment at this time, because they have a Great Opportunity here with CC...That's why I own over 1MM shares, and am proud to be called a 'LONG'!





PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>